We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Market strector - Essay Example

Comments (0)
Sometimes in an economic environment, a situation occurs, in which a single individual or organization has an almost total control over the industry of a specific product or service. In such a scenario, it has the ability to determine the rules and regulations of the industry,…
Download full paper
Market strector
Read TextPreview

Extract of sample
Market strector

Download file to see previous pages... very difficult due to the strong hold of the said organization this type of market existence, in which the firm has the strongest hold over the industry, is called monopoly. (McConnell, Brue, 2006).
There are two types of monopolies. Natural Monopoly exists when an organization possesses a strategic control over assets or production, operations and/or distribution systems pertaining its particular product or industry. (Brakman, Heijdra, 2004). For example, an organization providing the government with the nuclear power plant energy would have a natural monopoly since it is performing a task which is highly strategic in nature.
On the other hand, Coercive Monopoly refers to any other type of monopoly that has been acquired deliberately. It includes erecting barriers for potential competitors to enter into the business, acquiring patents, mergers & acquisitions with the competitors to engulf competition, etc. (Brakman, Heijdra, 2004).
Firms often tend to achieve monopoly through erecting barriers for potential competitors to enter the market. These barriers may be of three types. The “economic barriers” include economies of scale (largely reducing costs through mass, full scale production), large capital requirements, technological superiority and absence of close substitute products. The “legal barriers” refer to intellectual property rights including patents, trademarks, copyrights, etc. which provide an organization with a strong edge over the competitors. Firms may also indulge in “deliberate action” including lobbying the government and concerned parties, collusion, etc. to acquire monopoly. (McConnell, Brue, 2006).
The barriers like high liquidation costs that make it difficult for a firm to leave a business may also keep them from entering it enhancing the monopolistic effect of the already existing firm in the market. (McConnell, Brue, 2006).
Firms may acquire patents in order to secure their monopolistic presence. They may come up with any ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Market monopoly and Oilygopoly market
The author of the essay comments on the concepts of micro economics and macro economics. To be precise, the author provides the idea of Samuelson, who states that economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.
4 Pages(1000 words)Essay
Market Orientation
Thus market orientation is the organization-wide generation of market intelligence, dissemination of its intelligence across departments, and organization-wide responses to it (Meek et al. 2007; p.34). Marketing orientation provides organizations with the opportunities to engage in activities aligned towards developing an understanding of customers’ needs and future expectations; these activities also assist in understanding the factors that could affect customers’ needs.
2 Pages(500 words)Essay
Forces of demand and supply set prices in a free market economy of every respective product. When there is excess supply of a particular product in a free market economy than the available demand, prices tend to go down automatically (Friedman 12). On the other hand, when demand exceeds supply, market prices go up as there is no enough distribution and supply of the respective product.
5 Pages(1250 words)Research Paper
Perhaps his success can partly be attributed to the cult of personality around him and partly because of his wife. His wife Eva Duarte rose from being a singer into becoming Peron’s mistress while serving as a military officer. Peron married her before rising to presidency.
5 Pages(1250 words)Essay
Market segmenatation
They are smaller units that are within the larger market that are made up of like-minded consumers. In addition, one segment of the market differs from the other. Within this market segments, there are individuals who have similar thoughts on products, as well as similar interests.
3 Pages(750 words)Essay
The company has been especially exceptional in the production of smart phones. Smart phones from Samsung Company include Samsung galaxy s3, s2 and Samsung note. The latest smart phone that has captured the attention of many customers is Samsung Galaxy S4.
5 Pages(1250 words)Essay
Stock market
Commodities are traded in commodities markets, with derivatives are traded in a diversity of markets. The size of the worldwide 'bond market' is estimated at $45 trillion. The size of the 'stock market' is estimated at about $51 trillion. The world derivatives market has been estimated at about $480 trillion 'face' or nominal value, 30 times the size of the U.S.
10 Pages(2500 words)Essay
Market Challengers, Market Followers and Market Nichers
Some advertisers indicate the competition in their advertising through symbols while others generate this psychology of comparison by presenting features that are comparable to the popular features of the competition.
3 Pages(750 words)Essay
Market Research
er to achieve this, it is necessary to take the initiatives to conduct an extensive market research so as to acquire such important information (McDonald, 2007). Hence, it implies that it is incumbent upon any investor to organize and thoroughly study the market situation before
2 Pages(500 words)Essay
Market research
This refers to the information that is utilized in identification and definition of marketing problems and opportunities. This often refines, generates,
2 Pages(500 words)Essay
Let us find you another Essay on topic Market strector for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us